The global stem cell biobanking market is estimated to be valued at USD 1.58 Billion in 2016 and projected to grow at a CAGR of 20.2% from 2016 to reach USD 3.96 Billion by 2021. The storage services sector holds the largest market share in the stem cell biobanking market. Increasing awareness regarding the storage of cord blood and tissue stem cells, high growth potential of emerging economies, and increasing use of stem cells in the field of therapeutics have opened an array of opportunities for the growth of the market in coming years.

The objective of stem cell banking market report is to identify various services and applications related to this market across industries and analyze the complete global overview of the stem cell biobanking market. It involves an in-depth analysis of the market segmentation based on bank types, services, applications, and geographies. The report also provides a detailed competitive landscape of the key players operating in this market.

Stem cell banking market research study involved the extensive use of secondary sources, directories, and databases, such as Hoovers, Bloomberg Business, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the global stem cell biobanking market. Primary sources are mainly industry experts from core and related industries and preferred suppliers, distributors, service providers, technology developers, alliances, standards and certification organizations, and organizations related to all segments of this industry’s value chain.

“This report answers several questions for stakeholders primarily, which market segments to focus on in the next two to five years for prioritizing efforts and investments.”

Scope of the Report:

This report categorizes the stem cell biobanking market on the basis of service type, application, and region.

Market Segmentation, by Type: Based on type, the stem cell biobanking market has been segmented into:

Cord Blood

Cord Blood & Cord Tissue

Market Segmentation, by Service Type: Based on service type, the stem cell biobanking market has been segmented into:

Collection and Transportation

Processing

Analysis

Storage

Market Segmentation, by Application: Based on application, the stem cell biobanking market has been segmented into:

Cerebral Palsy

Leukemia

Thalassemia

Anemia

Autism

Diabetes

Others

Market Segmentation, by Region: The regional analysis covers:

North America

Europe

Asia

Rest of the World (RoW)

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9 Stem Cell Banking Market, By Region (Page No. - 67) 9.1 Introduction 9.2 North America 9.2.1 North America, By Country 9.2.2 North America, By Type 9.2.3 North America, By Service 9.2.4 North America, By Application 9.3 Europe 9.3.1 Europe, By Country 9.3.2 Europe, By Type 9.3.3 Europe, By Service 9.3.4 Europe, By Application 9.4 Asia-Pacific 9.4.1 Asia-Pacific, By Country 9.4.2 Asia-Pacific, By Type 9.4.3 Asia-Pacific, By Service 9.4.4 Asia-Pacific, By Application 9.5 Rest of The World (RoW) 9.5.1 Rest of the World, By Type 9.5.2 Rest of the World, By Service 9.5.3 Rest of the World, By Application

The global stem cell banking market is expected to reach USD 3.96 Billion by 2021 from USD 1.58 Billion in 2016, at a CAGR of 20.2% from 2016 to 2021. Increasing awareness regarding the storage of cord blood and tissue stem cells, high growth potential of emerging economies, and increasing use of stem cells in the field of therapeutics have opened an array of opportunities for the growth of the market in the coming years.

The global stem cell banking market is classified on the basis of type into cord blood and cord blood & cord tissue. On the basis of services, the market is segmented into collection & transportation, processing, analysis, and storage. The major applications of stem cell banking include cerebral palsy, leukemia, thalassemia, anemia, autism, diabetes, and others. Among these applications, stem cells are mainly used for the treatment of cerebral palsy.

The storage services segment is estimated to command the largest share in 2016 and the forecast period. North America is the major market for this segment. The high share of the storage services segment can be attributed to the high cost of the equipment required for the storage of cord blood and cord tissue, in turn increasing the per-year cost of maintenance of the sample units.

By region, the report segments the stem cell banking market into four regions–North America, Europe, Asia-pacific, and the Rest of the World. Among these regions, North America holds the largest market share. This is attributed to factors such as availability of federal funding for stem cell research. In addition, the preference for private banks has risen in the U.S.; in 2013, 2.6% of parents were opting for private banks as opposed to 0.4% in 2004. Moreover, an FDA-approved clinical trial showed that the use of stem cells helped improve impaired sight in 2014 and provide the safety of stem cell therapy in the long run.

A key restraint to market growth is the high cost of storage. The approximate cost incurred in storing cells for 25 years is USD 1,500 with a USD 150 per-year maintenance charge. In addition, the cost of cell therapies to treat diseases is high, with no guaranteed success due to the variability of the samples even after standardization checks. Based on a company’s operating facilities, the cost of processing and storage of samples might further increase.

Cord Blood Registry, San Bruno, (U.S.) accounted for the largest share of the stem cell banking market in 2015. It is the largest bank for the storage of umbilical cord blood and cord blood tissue, with more than 600,000 units stored till date.

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